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Housing a top government agenda

The unit size at the 1Razak Mansion redeveloped from the old Razak Mansion is almost double the old one.

The unit size at the 1Razak Mansion redeveloped from the old Razak Mansion is almost double the old one.

Syndicated News
Written by Syndicated News

KUALA LUMPUR — March 15, 2017: The government has placed housing as its top agenda in championing the interests and wellbeing of the people.

According to Prime Minister Datuk Seri Najib Razak, the proliferation of affordable housing projects is proof of the
government’s commitment to facilitate home ownership based on the people’s means.

“We have many agencies managing affordable housing programmes which have received overwhelming response, like the 1Malaysia Civil Servants Housing Scheme (PPA1M), 1 Malaysia People’s Housing Scheme (Pr1ma) and the Affordable Homes Programme (Rumawip),” he said when handing over the keys for the 1Razak Mansion project here today.

Housing redevelopment is another initiative by the government to provide comfortable housing for the people, like the 1Razak Mansion in Sungai Besi, which before this was known as the Razak Mansion public housing scheme.

A total of 658 units were built under the redevelopment initiative, each with a floor space of 800 square feet compared to 399 to 504 square feet before, and each has three rooms and two bathrooms.

Najib said the Public-Private Partnership (PPP) project was built near the old housing and successfully completed nine months ahead of the expected three-year target timeline.

“Through the PPP, we can redevelop these housing units. Of course, Razak Mansion before this gave an impression of a dingy, squatter house look, an eyesore but now has been transformed and can be proud of,” he said.

Najib said several residents had expressed their joy at getting a more comfortable and modern home.

Each 1Razak Mansion unit has a strata title under the name of the original owner, with a 99-year lease compared to the old units with a remaining 40-year lease and no strata title.

Some 557 original owners will get the new units free, while 101 others will be offered the units at only RM42,000.

The transfer cost of RM3,000 for the original inhabitants will be funded by the developer, in addition to the cost of maintenance and sinking fund for two years starting this year.

They are given two months to move in.

Najib described the project as being close to his heart because it was launched by his late father Tun Abdul Razak Hussein in 1967, who as the deputy prime minister then, while he (Najib) inaugurated the 1Razak Mansion
groundbreaking ceremony in 2014.

The current market value of a unit at 1Razak Mansion is RM350,000 compared to between RM60,000 and RM80,000 previously. — Bernama

 

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News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.